Craft Brewing and Distilling News for November 29, 2017November 29, 2017
•Colorado’s Avery Brewing has sold a 30% stake in the business to Spain’s Mahou San Miguel, which also holds a 30% interest in Michigan’s Founders Brewery. Financial details were undisclosed. Avery, which is currently present in 39 markets, says the deal will bolster its organic growth prospects and allow it to expand into new territories. Colorado, Texas and California are its largest markets currently. Based in Boulder, Avery is known for its flagship White Rascal Belgian ale and ranks as the 48th-largest craft brewery nationwide, according to the Brewers Association. Mahou San Miguel says the investment is part of its plan to continue pursuing international expansion opportunities. Last year, the Spanish brewer sold 2 million hectoliters outside its home market, accounting for 15% of total volume.
•Rhode Island’s Narragansett Beer and Sons of Liberty Spirits Company have teamed up to unveil Lovecraft Hop Flavored Whiskey. The 43%-abv whiskey is distilled from Narragansett’s I Am Providence Imperial Red Ale before aging in 10-gallon charred American oak barrels, and is named for local horror icon H.P. Lovecraft. Lovecraft Hop Flavored Whiskey ($29.99 a 375-ml.) will be available on December 1 at the Sons of Liberty tasting room and select retail locations. Only 1,400 bottles were produced.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.